4 years ago

Audoo Raises €8.4 Million to Ensure Fair Pay for Artists

  • Audoo, a London-based musictech startup, has secured €8.4 million in funding, bringing its total investment to over €16 million

  • The company has developed a patented Audoo Audio Meter™ that monitors music played in commercial venues and reports the exact version of the song broadcasted, ensuring artists are paid fairly for their music

  • The funding will be used to expand Audoo's operations across Europe, North America, and the APAC regions.

      • ProblemTechnology

      "Artists around the world are missing out on billions every year due to inaccurate royalty payments, with the current system relying on manual data collection or analysis."

      Solution

      "Audoo's patented Audio Meter monitors music playback in commercial venues, accurately identifying the song broadcasted and reporting it to music rights holders, ensuring fair payment to artists and publishers."

      Covered on